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Interim VMI superintendent named
As an independent investigation into allegations of racism at Virginia Military Institute moves forward, the state-supported military college announced a new interim superintendent on Friday. Following a vote by the VMI Board of Visitors’ Executive Committee, retired U.S. Army Maj. Gen. Cedric T. Wins will serve as interim sup[...]
Gannett sells business media, marketing subsidiary
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sold its business media and B2B marketing subsidiary, BridgeTower Media, to Los Angeles-based middle-market private equity firm Transom Capital Group, the company announced last week. Financial terms of the sale were not disclosed. Through more than 40 digital and print brands, BridgeTower Media provides media and […][...]
Initial jobless claims fell again last week
The number of initial jobless claims in Virginia dropped by 4.3% last week compared to the previous filing week, the Virginia Employment Commission reported Thursday, while continued claims fell by 7.8%. For the week ending Nov. 7, 9,909 Virginians filed initial claims for unemployment, a decrease of 441 from the previous week. Last week, 91,960 […]
Herndon defense contractor acquires cyberservices provider
Herndon-based ManTech International Corp. has completed its acquisition of Minerva Engineering, a provider of advanced cybersolutions. Headquartered in Hanover, Maryland, Minerva Engineering offers a range of advanced cyberservices that support the intelligence community (IC), including risk and vulnerability assessment, incident response and cyberintrusion detection, and wireless signal discovery. ManTech says the acquisition will expa[...]
Arlington-based Armed Forces Services Corp. rebrands to Magellan Federal
Arlington-based Armed Forces Services Corp. has rebranded to Magellan Federal. A subsidiary of Phoenix-based managed health care company Magellan Health Inc., Magellan Federal is a military-focused provider of health care, human services and pharmacy solutions. Magellan Healthcare, the health care business unit of Magellan Health Inc., acquired AFSC as a wholly-owned subsidiary in 2016. Since […][...]
Altria converts Juul nonvoting shares to voting shares
Henrico County-based Altria Group Inc. has converted its nonvoting shares of e-cigarette leader Juul Labs Inc. to voting shares, the company announced Thursday. However, Altria said it does not plan to take a more active role on the board until a federal complaint is resolved. Altria has owned 35% of Juul’s stock since lat[...]
SWVA guardrail manufacturer announces $7.9M expansion
Nine months of hard work has paid off. Since February, InvestSWVA has been working with highway guardrail manufacturer SPIG Industry LLC on its expansion plans, and on Thursday Gov. Ralph Northam announced the Washington County-based company’s plans to invest $7.9 million to expand its operations in the Bristol-Washington [...]
Northrop Grumman will make two missions to International Space Station in 2023
NASA awarded two missions to Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. for 2023 launches that will deliver a combined total of approximately 16,500 pounds of cargo to the International Space Station. “As a trusted and reliable partner to NASA, Northrop Grumman has played a critical role in keepin[...]
BAE Systems wins two Navy task orders
The U.S. Navy awarded Arlington-based defense contractor BAE Systems Inc. two task orders totaling more than $30 million to produce and integrate a mission-critical information warfare platform for U.S Navy vessels, the company announced Tuesday. Under the task orders, BAE Systems will work on Consolidated Afloat Network Enterprise Services (CANES) for two Arleigh Burke class […]
Accenture, NuWave to work on Naval Intelligence contract
The Office of Naval Intelligence (ONI) awarded Arlington-based Accenture Federal Services (AFS) a contract to work on the Information Warfare Research Project (IWRP), and McLean-based information technology company NuWave Solutions LLC will be a subcontractor on the project. The subcontract amount was not disclosed. Under the subcontract, NuWave will help AFS create a distributed environment […][...]
Mitre tech foundation launches 5G consortium
McLean-based The Mitre Corp. announced Tuesday that its tech foundation, Engenuity, has launched a consortium with a goal of bringing together government, industry and academic institutions to advance innovations in 5G technology. The Open Generation Consortium’s founding members are Ericsson, Nokia Corp., Verizon, Altiostar, First iZ, Hush Aerospace, Kittyhawk, CTIA – The Wireless Association, Northeastern […][...]
Va. hotel revenues likely to remain low through holidays
With the holiday season looming, Virginia hotel revenues continue to decline when compared to last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Nov. 1 through Nov. 7, hotel revenues in Virginia decreased by 53% and rooms sold […]
